Latest Property Headlines
All the headlines from our Property Topic Page, ordered by recency.
Flood Coverage, TWIA, Workers’ Comp Relativities Among TDI Concerns in Legislative Report
Jan 21 2019 // In its 2018 Biennial Report to the Legislature dated Dec. 14, 2018, the Texas Department of Insurance made several recommendations to state lawmakers regarding issues the agency believes are worth looking at in the...
BHSI Expands into UK-Ireland Property Construction, Taps Scor’s Seamer to Lead Team
Jan 18 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it is expanding into the property construction insurance market in the UK and Ireland and has appointed Simeon Seamer to lead the effort as head of Property...
Suit Targets Shell Over Oilfield Contamination in Louisiana’s Spanish Lake Basin
Jan 14 2019 // Wetland ecologist Scott Nesbit drove down a gravel oil field road in Louisiana in an all-terrain utility vehicle, zipping under a heavy forest canopy toward what he says is the source of it all. Nesbit’s target was a...
Brightway Goes ‘All In’ on Independent Agents, Unveils No-Cost Path to Agency Ownership
Jan 10 2019 // On the heels of celebrating its 10-year anniversary, Jacksonville, Fla.-based Brightway Insurance, a national property/casualty insurance retailer selling through a network of franchised independent agencies, has unveiled...
AXA XL Uses AI to Speed Up Property Engineering Risk Analysis, Underwriting
Jan 10 2019 // AXA XL Risk Consulting announced it is using artificial intelligence (AI) to enhance its property risk engineering capabilities. AXA XL Risk Consulting is working with Expert System, an Italian developer of cognitive...
Texas Insurance Department Recommends Flood Disclosure on Property Policies
Jan 9 2019 // In its 2018 Biennial Report, the Texas Department of Insurance made several recommendations to the legislature regarding issues the agency believes are worth looking at by lawmakers in the 2019 legislative session. One, at...
Seeman Holtz P&C Acquires Houston’s Premier Medical Practice Group
Jan 8 2019 // Seeman Holtz Property & Casualty LLC has acquired Professional Medical Insurance Services (PMIS), headquartered in Houston, with seven other offices across the country. This PMIS medical and malpractice group will...
2018 Agents of the Year
Jan 7 2019 // Jacob Barzivand Paramount Exclusive Insurance Services Inc. | Encino, California Jacob Barzivand started working as an insurance producer right after college at the age of 20. Now, at just 26, he’s built a sizable...
How Property/Casualty Insurance Is Becoming Less Valuable
Jan 7 2019 // I wrote about this some months ago and received many interesting comments. I decided to follow up on the same subject because it is so important. Value is a relative term often specific to a given asset. For example, if...
Indiana’s Worley Claims Services Buys Dallas’ Replacement Source of America
Jan 3 2019 // Fishers, Indiana-based insurance claims services provider, Worley Claims Services LLC (Worley) has acquired Replacement Source of America Inc. (ReSource), headquartered in Dallas. ReSource is a contents services company...
Florida Regulator Calls on Insurers to Handle Hurricane Michael Claims
Dec 31 2018 // Florida Insurance Commissioner David Altmaier is urging Florida insurers to close the more than 42,000 Hurricane Michael claims that remain open nearly three months after the storm. In a Dec. 19 memorandum to all property...
Assessing Wildfires’ Impact on P/C Insurers’ 2018 Results
Dec 20 2018 // Fitch Ratings said it expects the November wildfires in California to have some but not great impact on property/casualty insurers’ year-end results and it anticipates limited or no rating actions due to the fires....
People
Dec 17 2018 // XL Catlin has added Kimberly Hans to its Broker & Client Management team as Southeast Regional Leader. Hans is based in Atlanta and reports to Robert Peretti, XL Catlin’s Head of Broker & Client Management in...
Gallagher Bassett Acquires UK-Based Property Claims Management Services
Dec 13 2018 // Gallagher Bassett, the risk management services subsidiary of Arthur J. Gallagher, has boosted its size and offering in the United Kingdom by acquiring Property Claims Management Services Ltd. (PCMS). With origins dating...
Florida-Based Broker Coin Re Taps Barbican’s Crichton as EVP in London
Dec 12 2018 // Florida-based catastrophe reinsurance broker COIN Re has appointed global property reinsurance professional Andy Crichton as executive vice president, effective Dec. 7, 2018. Crichton will be based in London, England,...
WTW Taps Rowley from Brit, Harvey from Aon to Boost London P/C Arm
Dec 11 2018 // Willis Towers Watson has appointed Tom Rowley as senior vice president, North American Property, and named Matt Harvey as senior vice president, International Property. Both will sit within the Property & Casualty...
Imagery and Artificial Intelligence in Wildfire Risk
Dec 3 2018 // Fires across North America in 2018 have continued the pattern of extreme destruction established by significant insured loss events in both Northern and Southern California last year and the 2016 disasters in Alberta and...
Global Property, Mortality Protection Gap Hits $500B: Swiss Re
Dec 3 2018 // Households and businesses face a $500 billion global property and mortality protection gap, according to Swiss Re’s latest sigma study. Swiss Re’s report said that the figure illustrates increasing risk...
5 Quick Questions Before I Read a Commercial Policy
Nov 28 2018 // It’s that time of year at the Academy. I’m pouring over spreadsheets and schedules. I’m emailing instructors and planning classes. Yeah. I’m trying to look ahead and work ahead, all while looking at...
Exclusive: Insiders Symington, Lehmann Analyze Mid-Term Elections for P/C Insurance
Nov 27 2018 // The voters have spoken. Republicans have increased their slight advantage in the Senate, while Democrats have flipped the House and will now be in control there. Of course, President Trump, a Republican, still occupies the...
